Gaishi Food: Standardized Cold Dish Prepared Food Supply Chain

📌 Background

Gaishi Food is a leading company in the standardized cold dish segment listed on the Beijing Stock Exchange. It specializes in appetizers and pre-prepared cold dishes, supplying restaurant chains and supermarkets. With the expansion of the catering supply chain in 2026, high-margin categories like cold dishes, which are difficult to standardize, have become a new opportunity for specialized suppliers, and the company is expected to benefit significantly according to in-depth industry reports.

👤 Target Customers

Chinese restaurant chains, hot pot restaurants, Japanese restaurants, supermarkets, and new retail channels; revenue is generated from procurement by catering enterprises and supermarket buyers.

💰 Revenue Streams

1) Sales revenue comes from standardized finished cold dishes, priced by unit or kilogram, covering the national market through a combination of distribution and direct sales, with some products exported overseas; 2) Net profit margins are influenced by raw material costs and capacity utilization, with significant profit elasticity following economies of scale; 3) Chain replication: Charging store opening and supply chain service fees to new outlets on a project basis.

🧮 Cost Structure

Costs include procurement of raw materials such as vegetables and seaweed, cleaning and processing lines, cold chain storage and transportation, and channel promotion expenses; since cold dishes have a short shelf life, loss control is a core cost variable.

🛡️ Moat

Established standardized production capabilities in the cold dish niche, possesses a wide range of seaweed and seasoning product formulations, and has built entry barriers through SC certification and large-scale production lines.

🔑 Keys to Success

• Standardized R&D for cold dishes
• Cold chain efficiency and loss control
• Customer service capabilities

⚠️ Risks

• Quality control risks
• Raw material price fluctuations
• Product concentration risk

🏢 Cases

• Gaishi Food (920826) is recognized as a leader in the standardized cold dish segment, with growth driven by the expansion of the catering supply chain.

📊 SWOT Analysis